Rent to own Homes in Sylvania, OH
Situated in Lucas County, Ohio, Sylvania is called home by a modest population of approximately 19,000. Considered a suburb of Toledo, this small city shares its northern border with the state of Michigan and occupies just over 6.5 square miles of land. The city itself was founded in 1836 by General David White and Judge William Wilson in 1836 and was named so because of the dense forests that covered the land at that time.
Sylvania, OH is a great place for affordable rent-to-own homes! With a median household income of over $77,287 and a median rent of $855, the Sylvania, OH rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Sylvania, OH. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Sylvania, OH
- Ai
- Berkey
- Blissfield
- Bowling Green
- Britton
- Clay Center
- Curtice
- Deerfield
- Delta
- Dundee
- Erie
- Genoa
- Grand Rapids
- Harbor View
- Haskins
- Holland
- Ida
- Lambertville
- La Salle
- Luckey
- Luna Pier
- Martin
- Maumee
- Maybee
- Metamora
- Millbury
- Monroe
- Neapolis
- Northwood
- Oregon
- Ottawa Hills
- Ottawa Lake
- Palmyra
- Pemberville
- Perrysburg
- Petersburg
- Riga
- Rossford
- South Monroe
- Stony Ridge
- Swanton
- Sylvania
- Temperance
- Toledo
- Tontogany
- Walbridge
- Waterville
- West Monroe
- Whitehouse
- Williston
Popular Zip Codes in Sylvania, OH
43560 rent to own homesBuying a Home in Sylvania, OH
Sylvania, OH is seeing rapid growth and Sylvania, OH's' housing market remains optimal with an average home price that is -16% below the 2024 national average. Sylvania, OH is part of Lucas county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lucas is 1.65% which is above the national average, which is 0.99%.
Median Home Price in Sylvania, OH
Median Rent in Sylvania, OH
7 Reasons to Live in Sylvania, Ohio
A wide selection of homes for sale! If you are looking to move to Sylvania, the housing market is in an ideal position right now. The average house price rests just below the national average, and the selection is extremely vast, giving you more bang for your buck in your home search. The crossroads of Whiteford Rd/Alexis Rd offers some great opportunities to buy. Another option for those looking for a bit more is the Mitchaw/Silica neighborhood.
Explore some outdoor activities! Sylvania has lots of natural beauty and a variety of different parks to explore. The local Veterans Memorial Park and Olander Park both have great trials for exercising and taking in nature.
Check out the city parks as well! If going out into the wilderness is not your speed, there are also some beautiful parks within the city that offer a different experience. Fossil Park and Pacesetter Park are two local favorites to help you get away from the daily grind.
Get involved in local sporting events! There are many opportunities to get involved in organized sporting events. The Sylvania Sports & Exhibition Center includes a baseball diamond and lacrosse field, along with many other sporting amenities. If you want to shoot some hoops, the Centennial Quarry is a great option for basketball.
There are always rentals available! Should you wish to explore homes for rent or check out some apartments available, the rental prices in Sylvania are well below the national average and there are plenty of options available. Convent Park Apartments offers affordable rates for new renters. Alternatively, Edgebrook Villas is another popular option. To get the best of both worlds, you could explore rent to own options.
Enjoy the local culture! The Centennial Terrace in Sylvania offers a variety of entertainment events, including dance opportunities on its 10,000 square foot outdoor dance floor. The Sylvania Community Arts Commission is also active in the area to promote all forms of artistic expression within the community.
Join one of the local communities! Beyond the small-town sense of community that you will find in Sylvania, residents can also join a variety of local societies. The Sylvania Country Club always has something to offer and Sylvania also hosts a local Rotary Club.